Is Newton Golf Company, Inc. (NWTG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Leisure | ✗ NOT HALAL | |||
| DJIM | Excluded — Leisure | ✗ NOT HALAL | |||
| MSCI | Excluded — Leisure | ✗ NOT HALAL | |||
| S&P | Excluded — Leisure | ✗ NOT HALAL | |||
| FTSE | Excluded — Leisure | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 68.7% | |
| Operating Margin | -58.2% | |
| Net Margin | -172.7% | |
| Return on Equity (ROE) | -420.5% | |
| Return on Assets (ROA) | -93.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$5M |
| Free Cash Flow | -$5M |
| Total Debt | $34,000 |
| Debt-to-Equity | 3.5 |
| Current Ratio | 2.0 |
| Total Assets | $10M |
Price & Trading
| Last Close | $1.45 |
| 50-Day MA | $1.56 |
| 200-Day MA | $1.63 |
| Avg Volume | 34K |
| Beta | 4.2 |
|
52-Week Range
$0.82
| |
About Newton Golf Company, Inc. (NWTG)
Newton Golf Company, Inc., a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe. The company was formerly known as Sacks Parente Golf, Inc. and changed its name to Newton Golf Company, Inc. in March 2025. The company was incorporated in 2018 and is headquartered in Camarillo, California.
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Frequently Asked Questions
Is Newton Golf Company, Inc. (NWTG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Newton Golf Company, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Newton Golf Company, Inc.'s debt ratio?
Newton Golf Company, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Newton Golf Company, Inc.'s key financial metrics?
Newton Golf Company, Inc. has a market capitalization of $7M, and revenue of $3M. The company maintains a gross margin of 68.7% and a net margin of -172.7%. Return on equity stands at -420.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.